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History of IBM — In 1911 the company that leased Unit record equipment, especially Hollerith punched cards and card readers to government bureaus and insurance agencies, became the Computing-Tabulating-Recording Company (CTR). Thomas J. Watson (1874-1956) took over in 1924

DOMINANCE ENDED, I.B.M. FIGHTS BACK - The New York Times — In agreeing to drop its antitrust suit against the International Business Machines Corporation, the Department of Justice has recognized what computer experts and securities analysts had long since concluded: I.B.M. no longer dominates the computer business.